Rathbones Group PLC Has $50.50 Million Stake in BlackRock $BLK

Rathbones Group PLC decreased its holdings in BlackRock (NYSE:BLK) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,506 shares of the asset manager’s stock after selling 2,390 shares during the quarter. Rathbones Group PLC’s holdings in BlackRock were worth $50,496,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Evolution Wealth Management Inc. bought a new stake in BlackRock during the 4th quarter worth about $26,000. RMG Wealth Management LLC acquired a new stake in BlackRock in the 1st quarter valued at about $25,000. Birchbrook Inc. bought a new position in shares of BlackRock in the fourth quarter worth about $31,000. Basepoint Wealth LLC acquired a new position in shares of BlackRock during the fourth quarter worth approximately $32,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of BlackRock during the fourth quarter worth approximately $32,000. Institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Demand for BlackRock’s crypto products remains strong. Its iShares Bitcoin Trust (IBIT) attracted approximately $183 million of new inflows on July 30, contributing to $233 million in total spot Bitcoin ETF inflows. Continued ETF demand could support fee revenue and assets under management. Spot Bitcoin ETFs Attract $233M in Fresh Inflows as BlackRock’s IBIT Leads Demand
• Positive Sentiment: Stripe’s blockchain, Tempo, integrated BlackRock’s BUIDL tokenized Treasury fund, expanding institutional access to the product and reinforcing BlackRock’s leadership in tokenized assets. Tempo Brings BlackRock’s BUIDL to Businesses in New Treasury Partnership
• Positive Sentiment: BlackRock was identified alongside Fidelity and Goldman Sachs as a major TradFi supporter of the CLARITY Act, potentially improving regulatory clarity for digital assets if the legislation advances. Could Wisconsin strip your voting rights for using prediction markets?
• Neutral Sentiment: Analysts highlighted three BlackRock mutual funds with top Zacks rankings, but the article is promotional and does not represent new company fundamentals or a material change in investor demand. 3 BlackRock Mutual Funds to Grab Now for Superior Returns
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging misleading business information. The announcement does not establish wrongdoing, but it creates headline and litigation risk. Rosen Investor Investigation

Analyst Ratings Changes

A number of analysts recently weighed in on BLK shares. BNP Paribas Exane raised their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. BMO Capital Markets upped their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Morgan Stanley increased their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings raised BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, UBS Group boosted their target price on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,304.29.

BlackRock Trading Up 0.3%

Shares of NYSE BLK opened at $1,093.47 on Monday. The company’s 50 day simple moving average is $1,032.03 and its 200 day simple moving average is $1,041.40. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The firm has a market capitalization of $169.48 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.23 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $12.05 EPS. On average, analysts predict that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is currently 54.78%.

BlackRock Company Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.